Back in 2010, GNN asked its readers if they felt they could retire comfortably at age 65, once the standard age for calling it a career, but not so much anymore, according to the poll at that time.
The majority, or 60 per cent, said they couldn’t afford to retire comfortably at that age, but 40 per cent said yes.
We wonder if those results still apply six years later for a number of different reasons:
Perhaps, the golf course that employed you was sold for development as many are these days and you were/are unexpectedly out of work.
Has the cost of living – accommodation, food prices, etc. – made it necessary to work beyond the traditional retirement age.
With house prices skyrocketing in major cities such as Vancouver and Toronto, you may be helping your kids out in their quest for home ownership.
With recent dips in the stock market, the value of your personal retirement fund may be less than it was not long ago.
Those are just a few reasons that you may be pushing back your retirement a little or a lot compared to just five years ago when we asked the original question, which we’re going to ask again as this week’s GNN Poll question.
You can vote below or on the GNN home page and if you’d like to add any thoughts on the subject, please used the Comments section below.
Do you feel you can afford to retire comfortably at age 65?
- NO (57%)
- YES (43%)